The Financial Conduct Authority has extended the deadline for implementation of its new Consumer Duty rules to 12 months.
The FCA has been ordered to pay £4,000 compensation to a complainant which caused £100m in consumer losses and redress.
The FCA has warned that many scammers are using bogus emails, letters and phone calls purporting to be from the FCA to target authorised firms and consumers.
The Financial Conduct Authority has confirmed that it will increase annual fees for Financial Planning firms by 5.6% from July.
One thing that has always disappointed me about financial regulation is how many rotters are allowed to get involved in financial services in the first place.
The FCA will change the regulatory landscape on Monday (31 July) when the new Consumer Duty arrives.
I must confess I have a problem with restricted financial advice.
I’m not a fan of crypto investing. It’s possibly one of the nastiest and least useful new investment sectors of the last 10 years, if you can call it an investment sector.
The FCA is to overhaul its Firm Reference Numbers (FRNs) after revealing that it may run out of the six digit numbers in 2023.
The Treasury Committee has added a new sub-committee to scrutinise regulatory proposals for financial services.
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